Latest news with #AndyChen
The Sun
13 hours ago
- Business
- The Sun
DL Holdings and ViaBTC Sign a Non-Binding Term Sheet for Strategic Cooperation in Digital Assets
HONG KONG SAR - Media OutReach Newswire - 25 June 2025 - DL Holdings Group Limited ( issued a voluntary announcement to the Hong Kong Stock Exchange on June 24, 2025, stating that it has signed a non-legally binding term sheet with ViaBTC Holdings Limited (hereinafter referred to as 'ViaBTC'). The two parties plan to establish a joint venture to initiate in-depth collaboration and jointly explore the broad prospects of the digital assets and blockchain services sector. The announcement reveals that DL Holdings and ViaBTC intend to engage in deep collaboration across several areas, including: joint conduct over-the-counter (OTC) cryptocurrency trading service; provision of professional asset management and family office services for OTC and/or cryptocurrency mining clients to meet their diversified wealth management needs. The two parties also plan to explore other potential business collaborations, such as establishing a Bitcoin (BTC) reserve, developing a virtual asset trading and virtual asset management platform licensed by the Securities and Futures Commission (SFC) of Hong Kong, and further expanding their business footprint. Additionally, DL Holdings Group plans to apply for a stablecoin license to provide comprehensive digital payment solutions for cross-border transactions. The collaboration between DL Holdings and ViaBTC is highly significant. For DL Holdings, this partnership will help bridge the traditional and digital asset sectors, leveraging ViaBTC's mature crypto infrastructure and synergizing with its extensive professional expertise in financial advisory, securities trading, and brokerage services. Through the establishment of a joint venture, DL Holdings will gain access to the high-growth digital asset and blockchain services sector. Moreover, this collaboration will enable DL Holdings to extend its existing asset management and family office services to OTC and cryptocurrency mining clients, creating diversified revenue streams, expanding market coverage, and enhancing shareholder returns. Founded in 2016, ViaBTC is a blockchain technology company offering services covering a variety of digital assets. Its core business, the cryptocurrency mining pool, supports multiple cryptocurrencies and payment methods. It currently ranks as the third-largest Bitcoin mining pool globally, boasting profound technical expertise and extensive industry experience. This strategic collaboration with ViaBTC marks another critical step in DL Holdings' 'Technology-Empowered Finance' strategy. By integrating with its subsidiary NeuralFin's AI financial ecosystem platform, DL Holdings is gradually building a three-dimensional business matrix that spans traditional finance, digital assets, and intelligent investment advisory. Andy Chen, Chairman of the Board of DL Holdings and NeuralFin, commented: 'From NeuralFin's AI financial assistant to ViaBTC's blockchain infrastructure, we are building a seamlessly connected next-generation financial services network. In the future, whether users are managing traditional stocks, funds, or Bitcoin and stablecoins, they will be able to do so efficiently within the same intelligent ecosystem.' Moving forward, NeuralFin's powerful AI capabilities may deeply integrate with ViaBTC's digital asset business—for example, using intelligent algorithms to provide cryptocurrency investors with real-time risk monitoring, cross-market asset allocation advice, and customized investment strategies based on blockchain data. ViaBTC's mining pool resources and compliant trading platform will also expand the one-click configuration scenarios for digital assets for NeuralFin users, further strengthening the synergy between 'AI + blockchain' and providing technology for the digital transformation of global financial institutions.
Arabian Post
13 hours ago
- Business
- Arabian Post
DL Holdings and ViaBTC Sign a Non-Binding Term Sheet for Strategic Cooperation in Digital Assets
HONG KONG SAR – Media OutReach Newswire – 25 June 2025 – DL Holdings Group Limited ( issued a voluntary announcement to the Hong Kong Stock Exchange on June 24, 2025, stating that it has signed a non-legally binding term sheet with ViaBTC Holdings Limited (hereinafter referred to as 'ViaBTC'). The two parties plan to establish a joint venture to initiate in-depth collaboration and jointly explore the broad prospects of the digital assets and blockchain services sector. The announcement reveals that DL Holdings and ViaBTC intend to engage in deep collaboration across several areas, including: joint conduct over-the-counter (OTC) cryptocurrency trading service; provision of professional asset management and family office services for OTC and/or cryptocurrency mining clients to meet their diversified wealth management needs. The two parties also plan to explore other potential business collaborations, such as establishing a Bitcoin (BTC) reserve, developing a virtual asset trading and virtual asset management platform licensed by the Securities and Futures Commission (SFC) of Hong Kong, and further expanding their business footprint. Additionally, DL Holdings Group plans to apply for a stablecoin license to provide comprehensive digital payment solutions for cross-border transactions. The collaboration between DL Holdings and ViaBTC is highly significant. For DL Holdings, this partnership will help bridge the traditional and digital asset sectors, leveraging ViaBTC's mature crypto infrastructure and synergizing with its extensive professional expertise in financial advisory, securities trading, and brokerage services. Through the establishment of a joint venture, DL Holdings will gain access to the high-growth digital asset and blockchain services sector. ADVERTISEMENT Moreover, this collaboration will enable DL Holdings to extend its existing asset management and family office services to OTC and cryptocurrency mining clients, creating diversified revenue streams, expanding market coverage, and enhancing shareholder returns. Founded in 2016, ViaBTC is a blockchain technology company offering services covering a variety of digital assets. Its core business, the cryptocurrency mining pool, supports multiple cryptocurrencies and payment methods. It currently ranks as the third-largest Bitcoin mining pool globally, boasting profound technical expertise and extensive industry experience. This strategic collaboration with ViaBTC marks another critical step in DL Holdings' 'Technology-Empowered Finance' strategy. By integrating with its subsidiary NeuralFin's AI financial ecosystem platform, DL Holdings is gradually building a three-dimensional business matrix that spans traditional finance, digital assets, and intelligent investment advisory. Andy Chen, Chairman of the Board of DL Holdings and NeuralFin, commented: 'From NeuralFin's AI financial assistant to ViaBTC's blockchain infrastructure, we are building a seamlessly connected next-generation financial services network. In the future, whether users are managing traditional stocks, funds, or Bitcoin and stablecoins, they will be able to do so efficiently within the same intelligent ecosystem.' Moving forward, NeuralFin's powerful AI capabilities may deeply integrate with ViaBTC's digital asset business—for example, using intelligent algorithms to provide cryptocurrency investors with real-time risk monitoring, cross-market asset allocation advice, and customized investment strategies based on blockchain data. ViaBTC's mining pool resources and compliant trading platform will also expand the one-click configuration scenarios for digital assets for NeuralFin users, further strengthening the synergy between 'AI + blockchain' and providing technology for the digital transformation of global financial institutions. Hashtag: #DLHoldingsGroup The issuer is solely responsible for the content of this announcement.
Zawya
16 hours ago
- Business
- Zawya
NeuralFin adds strategic investors, DLH accelerates AI Agent push
HONG KONG SAR - Media OutReach Newswire - 04 April 2025 - DL Holdings Group, a company listed on the Hong Kong Stock Exchange Main Board (stock code: announced the strategic restructuring of DL Digital Family Office (DLDFO). In this transaction, DLDFO introduced three new strategic investors at a valuation of $35 million and launched an employee stock ownership plan (ESOP) to bolster the technological R&D and market expansion of its wholly-owned subsidiary, NeuralFin, in the AI Agent sector. NeuralFin has pioneered the integration of neuroscience and artificial intelligence, transforming AI Agents from passive responders to proactive service providers. In practical applications, NeuralFin's AI Agents have developed multiple specialized service modules. The Intelligent Investment Advisor Agent offers 24/7 asset allocation services, while the Behavioral Prediction Agent leverages behavioral economics and neuroscience to build investor behavior models, effectively identifying and warning against irrational trading tendencies. "Traditional fintech only addresses expressed client needs, but our AI Agents can uncover unspoken demands, truly achieving 'autonomous learning and service during sleep,'" said Andy Chen, Chairman and CEO of DL Holdings. "NeuralFin's AI Agent system is redefining the standards and experience of wealth management services." Regarding strategic investments, DL Holdings transferred 28% equity of DLDFO to three professional investment institutions at a price of $9.8 million. This round of financing reflects a 15% valuation increase compared to the previous round, underscoring market confidence in NeuralFin. The newly introduced investors are industry leaders in their respective sectors. GPTX Tech-Driven LPF, a Hong Kong-based tech investment firm, specializes in AI and digital technologies and will enhance NeuralFin's technical upgrades with its robust AI algorithm expertise. C Capital AI Limited, part of the asset management platform under Youngtimers AG (a Swiss-listed company), brings extensive industry connections and investment experience, having backed projects like XPeng Motors and Lalamove. Shuren Education Limited, a key player in education, will drive innovative applications of NeuralFin in the education sector. For talent retention, DL Holdings launched an ESOP, transferring 25% of DLDFO's equity to an ESOP platform free of charge, covering executives and core technical teams. This move highlights DL Holdings' commitment to retaining top talent amid fierce competition in fintech. Andy Chen stated, "The core competitiveness of tech finance lies in talent. This plan allows our team to directly share in the company's growth, fostering innovation and cohesion. We look forward to more employees becoming long-term partners as we advance together." Moving forward, DL Holdings will deepen its exploration of AI-driven fintech, leveraging the synergy of "technology + capital + talent" to enhance NeuralFin's service capabilities and market share. The group aims to sustain a virtuous cycle of innovation and commercialization, delivering greater value to investors and leading the next wave of intelligent financial services. Hashtag: #DLHoldingsGroup The issuer is solely responsible for the content of this announcement. DL Holdings Group
Business Insider
17-06-2025
- Business
- Business Insider
BridgeBio initiated with an Outperform at Wolfe Research
Wolfe Research analyst Andy Chen initiated coverage of BridgeBio (BBIO) with an Outperform rating. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
07-05-2025
- Business
- Business Insider
Vertex downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research analyst Andy Chen downgraded Vertex Pharmaceuticals (VRTX) to Peer Perform from Outperform. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
